Sat, Feb 07, 2026 05:15 GMT
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    HomeContributorsTechnical AnalysisBrent Oil Breakout Needs Confirmation

    Brent Oil Breakout Needs Confirmation

    MultiBank Exchange Group
    By MultiBank Exchange Group

    The Brent remains bullish and tries once again to take out the dynamic resistance from the warning line (wl1). Is trading in the green after the failure to retest the 53.03 static support (resistance turned into support). Price is approaching the 54.55 horizontal resistance, where he could find temporary resistance again.

    A valid breakout above the warning line (wl1) will confirm a further increase towards the $57 per barrel.

    MultiBank Exchange Group
    MultiBank Exchange Grouphttp://www.mexgroup.com
    Multibank Exchange Group (MEX Group) is a multinational financial derivatives dealer. Established in California in 2005, MEX has offices in several countries around the world, including the US, the UK, Australia and China. Mex Group is regulated by the Australian Securities and Investment Commission (ASIC) in Australia, the Ras al Khaimah Free Trade Zone (RAK) in the United Arab Emirates and the Financial Services Commission (FSC) in the British Virgin Islands.

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